How an Accountant Can Help a Small Business Owner

March 10th, 2020
How an Accountant Can Help a Small Business Owner

Accountants can help your business in more ways than one

When people think ‘accountants’, they often think ‘taxes’ – and that’s all. But in reality, accountants wear many hats in the world of business finance!

Not only can they help with taxes and general finance-y things, but they can also assist you in ways that directly impact your business plan, goals and growth.

The team at RBK don’t just help you with one facet of your business – we help you with multiple. And we’ve got 4 examples explaining how.

4 ways your accountant can help your business

1. Incomings, outgoings, taxes… oh my!

Accountants help you with the typical finance stuff (obviously!). Using cloud-based technology, they keep detailed records of your expenditure and collaborate with you to see where money is coming in and going out.

Having an awareness around this all year prepares you and your business for a smooth transition into tax season. And as an added bonus, it keeps you up-to-date with real-time information on your cash flow!

2. Help you set up your business plan

A competent accountant can help you strategically set up and implement your business plan. If you don’t yet have one in place, they can work with you to create one. Or, they can review what you have already come up with.

Having an expert on side when you are just starting out (or even if you’ve been in the game for a while) is an excellent way to ensure that your business goals are aligned with strategic financial and business advice.

3. Keep you accountable for your business goals

Working with your accountant means having someone who can hold you accountable for your business goals.

By keeping an eye on cash flow and expenditure, they can monitor the direction the business is going in and ascertain whether it’s the right one. From there, you can collaborate with your accountant on how to get back on track, or continue on with smashing your goals!

4. Guide you in the direction of growth

Growth isn’t always accompanied by success. If growth is introduced too quickly to your business or without the right foundations in place, it could result in just the opposite.

An experienced, professional accountant will guide you in the direction of successful growth. They will identify the holes in your growth strategy and suggest ways to fill ‘em up or take an altogether different approach.

Bringing an experienced accountant onboard could change your business for the better

Whether your business is fresh off the block or has been around for a while, taking the next step can be daunting.

Bringing an accountant onboard who genuinely cares about your work could be just the thing you need to change your business for the better.

At RBK, we are passionate about helping small business owners to succeed – and we know that an accountant can help in more ways than one!

Ready for an accountant to help your business grow? Get in touch with our team today